Black Friday backlash has been on the rise in recent years, and perhaps no store has been a stauncher opponent than REI, which will be closed on Thanksgiving and Black Friday for the third year in a row. While closing on Black Friday has been a principled—rather than promotional—move, the decision didn’t hurt the company’s … Continued
Guest author John Shostrand contributed to this report. The popular clothing-subscription company Stitch Fix filed for its much-anticipated IPO last week, and investors can’t wait to see what it will become. One thing it probably won’t be, though, is another Blue Apron. Blue Apron debuted on Wall Street in June as one of the worst-performing … Continued
Any channel surfer who has quickly clicked past a TV shopping channel may be surprised to learn that QVC’s planned purchase of the Home Shopping Network (HSN) is about to turn these two televised shopping stations into North America’s third biggest online retailer, after Amazon and Walmart. Those two giants may seem to be in … Continued
Examining Grey Card membership growth rates, average customer spend, and purchase frequency.
Despite the tweets, Amazon Prime Day appears to have been a success. Single-day US sales for Amazon.com compared with a year prior: Transaction volume: +68% Revenue: +88% Customers: +57% Average transaction value: +12% ($59) Revenue per Customer: +20% ($79) Note: We compared 7/15/2015 with 7/16/2014 to match day of week For context, year-over-year revenue for … Continued